Purchases of Existing Commodities,such as Gold and Precious Gems,are Considered

question 92

True/False

Purchases of existing commodities,such as gold and precious gems,are considered investment spending by economists.

---

Definitions:

CPI

A gauge of the weighted average cost of a selection of consumer goods and services, including transportation, healthcare, and food, known as the Consumer Price Index.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services.

Market Basket

A fixed list of items used to track the progress of inflation in an economy.

CPI

A gauge for inflation, the Consumer Price Index analyzes the weighted average price of a collection of consumer products and services.